Hey, my crypto people! 🚀 If BNB has just plummeted 13% from its record price of $1,300, the million-dollar question is not whether it's 'cheap', but whether the bullish train has already derailed. Let's get the scalpel out for this, because we don't do gossip here, we do analysis that serves you! 👇

Look at this: the Binance token, the famous BNB, had us used to breaking records almost daily since the end of July. But that party reached a point where even the indicators got tired. The famous RSI (Relative Strength Index) on the weekly chart went into "overbought" territory (it reached 81 and is now at 71), and beware!, that every time this happens, historically the price takes a deep nap. Remember the 70% drop in 2021 or the 44% retracement in July? Well, it's the same alarm signal. 🚨

In the short term, things are getting tense. If we look at the 4-hour chart, something called "double top" has formed, which is super bearish and points us to a return to the psychological level of $1,000. If this happens, we would be talking about a total drop of 17% from where we are now. Additionally, there is a bearish divergence between the price and the RSI: the price goes up a little more, but the RSI goes down, which in plain terms means that the buying strength is waning and traders are selling to secure profits. 😮‍💨

But, calm down, there is no need to panic! 🧘‍♂️ Although the short term looks like a roller coaster going down, the analysts who see the big picture (the monthly chart) still have faith. They say that the macro structure (the big drawing) remains bullish thanks to a formation they call "bullish flag" that has been around since October 2023. This flag points us to a crazy target: over $2,000! That is, a 73% gain from the current price.

Other factors are boosting BNB, such as the payment Binance made of $283 million to affected users and the high activity on the network. If the price manages to close a daily candle above $1,350, the bulls will regain control and the path towards $1,600 and beyond will clear.

In summary: We are in a moment of technical correction because the rise was very strong. In the short term, we could see the floor in the $1,000 area or even between $730 and $860 (where the moving averages that serve as support are). But if we endure this turbulence, the next target remains the stratosphere.

What will you do with this correction: will you sell out of fear or do you see this as the last opportunity to get on the rocket before $2,000? 🤔 Think about it carefully.$BNB